Article ID Journal Published Year Pages File Type
5059588 Economics Letters 2013 5 Pages PDF
Abstract
The effect of implementation lag on investment trigger depends on project reversibility and growth rate. Conventional results (that longer lag and greater uncertainty raise investment trigger) are overturned if the project is sufficiently reversible and/or has a high enough growth rate.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Implementation lag and the investment decision
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